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Submission + - Money and wealth: clearing up some serious misconceptions (swombat.com) 2

KDan writes: I am not an economist. However, most people misunderstand money and its purposes and uses so badly that I feel compelled to write out my understanding of it. Perhaps because I am not an economist, this might help some. The first and perhaps most important mistake people make is to confuse money for wealth. The more I earn, the more I realise that wealth is not money, but the ability to generate money (and other things of value). This is akin to the difference between saying "I am a dancer" (i.e. I have the ability to dance) and "I was a dancer" (i.e. I once had it but I no longer have it). Being wealthy is equivalent to the first statement, while having money is equivalent to the second.

Submission + - How to escape from the corporate world into startu (swombat.com)

KDan writes: "Today, right now, what is the best path out of the corporate world and into startups? What would I advise myself to do, 5 years ago, if 5 years ago was today? Running your own business is an entirely different proposition than working for someone else. There are lots of things you need to learn, hangups you need to get over, habits you need to form, in order to have a chance at being successful. This is the "startup escape path"."
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Submission + - Take notes to supercharge your learning (swombat.com)

KDan writes: "I've written before that you should take notes while reading advice articles. The more I've practiced this, the more I've come to believe that this is an essential learning tool (and one that I haven't been using properly for many years). The difference in learning between taking notes and not taking them feels, intuitively, like it's at least tenfold, maybe a hundredfold. If you don't take notes while reading a non-fiction, "teaching" book, you might as well not have bothered reading it."

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